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The proposed trade agreement between Mercosur and the European Union (EU), which has been under negotiation for decades, is criticized by Brazilian President Luiz Inácio Lula da Silva for potentially harming the Brazilian industry. Despite pressure from the EU, the Brazilian government has amplified its criticism, with President Lula describing certain agreement aspects as “unacceptable” […]
Julio Velarde, the head of Peru’s Central Bank, lowered the country’s 2023 growth forecast from 2.2% to 0.9%. He spoke during the “September 2023 Inflation Report” presentation. Velarde blames the cut mainly on the El Niño weather event and low public trust. The agriculture sector shrank by 2%. Fishing is expected to drop by 27%. […]
India, with government strategies in place, aims to achieve $300 billion in electronics manufacturing by 2026. These plans include the 2020 Production-Linked Incentive program (PLI), offering over $6 billion in subsidies to attract businesses. Notably, the focus isn’t only on mobiles and telecom gear. It expands to laptops, servers, and semiconductors. Other specialized incentive plans […]
